| December 19, 2024 Inperium, Inc. and its affiliates (“Inperium”), together the nation’s fastest-growing nonprofit human services network, today closed its inaugural tax-exempt bond offering of $175,765,000. Bond proceeds will finance costs associated with Inperium’s affiliation with Resources for Human Development and refinance existing debt, thereby enhancing Inperium’s ability to support affiliated nonprofits and their missions, strengthening Inperium’s financial position, and facilitating continued network expansion. Cain Brothers, a division of KeyBanc Capital Markets, served as sole underwriter on the bonds, which was nearly 11x oversubscribed. |
| CEO Commentary Ryan D. Smith, Executive Chairman and CEO of Inperium, commented on the developments: “Our inaugural tax-exempt bond issuance represents a major milestone in our mission to build the nation’s largest and most comprehensive human services network.With this capital, Inperium is well positioned to execute future transactions from our robust pipeline, ensuring we can continue to meet the needs of the communities we serve.” |
| About Inperium Inperium is a national leader in nonprofit human services, providing a broad range of programs designed to improve the quality of life for individuals with intellectual or developmental disabilities, behavioral health challenges, and other needs. For more information, visit www.inperium.org. |
| About Angler West Consultants Angler West (www.anglerwestconsultants.com) serves as an intermediary for nonprofit consolidators, facilitating acquisition and divestiture strategies for specialty healthcare and human services organizations. Since 1996, Angler West has utilized its transaction expertise and industry connections to foster sustainable growth for its clients. |
| For Additional Information: Kevin Fee President Angler West Consultants, Inc. kfee@anglerwestconsultants.com 215-630-8336 | Kevin Fee III Vice President Angler West Consultants, Inc. kevinfeeiii@anglerwestconsultants.com 240-463-9006 |